Herbert Smith Freehills Kramer has increased salaries for its newly qualified (NQ) London associates to £145,000 – the first pay hikes firm since the firm’s transatlantic merger went live last month.
NQ rates have been raised by £10,000, equating to a 7.4% hike. The latest increase comes after the firm upped NQ pay from £120,000 to £135,000 last year, meaning starting salaries for associates have gone up by more than 20% in two years.
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